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Crude at 2-week high on low US output gains, Yemen crisis

Friday, March 27, 2015 - 05:50
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Bulls trumped bears on Thursday, propelling crude futures to a two-week high as the market reacted to shrinking US crude production gains, mounting geopolitical tensions in Yemen and a weakening dollar.

Singapore

BULLS trumped bears on Thursday, propelling crude futures to a two-week high as the market reacted to shrinking US crude production gains, mounting geopolitical tensions in Yemen and a weakening dollar.

Despite crude's recent uplift, analysts remain bearish on crude

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